Foundation Mastercard Sells 142,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Foundation Mastercard also recently made the following trade(s):

• On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were sold at an average price of $462.57, for a total transaction of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Stock Up 0.8 %

Shares of MA opened at $453.13 on Wednesday. The business’s 50 day moving average is $468.64 and its 200 day moving average is $439.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market capitalization of $422.72 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Institutional Trading of Mastercard

Several hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter worth approximately $26,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the fourth quarter valued at $27,000. Westend Capital Management LLC purchased a new stake in Mastercard during the first quarter valued at $27,000. Finally, Palisade Asset Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MA shares. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Raymond James lifted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada raised their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.27.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.